ResearchMoz.us include new market research report"Drilling Chemicals (Offshore & Onshore) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018 " to its huge collection of research reports.
Consumption of drilling chemicals is primarily driven by the expenditure in energy and mineral exploration. The global market for drilling chemicals is witnessing significant growth in the past few years. Increasing demand for base metals, precious metals, oil, and natural gas is driving the growth of the drilling chemicals’ market. This is largely driven by urbanization and industrialization in developing countries.
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Among all the regions Northern America dominates the market followed by Latin America, Africa, and the Middle East. Development of shale in Canada and the U.S. is driving the market for drilling chemicals, particularly in hydraulic and horizontal drilling. The development of onshore wells will fuel the drilling chemical market more than offshore wells since the cost of offshore wells is considerably higher than onshore ones. Decreasing reserves in shallow and onshore waters and the development in drilling technologies are driving the activities in deepwater offshore regions. This is mostly witnessed by Brazil, West Africa, U.S., and the Gulf of Mexico. Brazil is the fastest growing market due to considerable oil gains and increased offshore activity. Drilling chemicals have a direct impact on the environment and hence product manufacturers have to follow strict regulatory procedures to address safety, the environment, and health concerns.
Government bodies are involved in product development life cycle to minimize health and environment hazards. Companies producing ‘zero-waste’ chemicals are gaining competitive advantage.
Some of the leading participants in the industry are Global Fluids & Chemical Co., United Mud Chem, Academichem (Beijing) Co. Ltd., Baker Hughes, Halliburton, Newpark Drilling Fluids LLC, Champion Technologies, and M-I SWACO.
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This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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This report provides pin-point analysis for changing competitive dynamics
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It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
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It provides distinctive graphics and exemplified SWOT analysis of major market segments
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